Munich Re’s decision to cancel the Nord Stream 2 contract was made back in February 2021 amid the threat of sanctions
Photo: Stefan Sauer / dpa / Global Look Press
The German reinsurance company Munich Re told RBC that it had decided to cancel the Nord Stream 2 contract.
The company noted that the decision to cancel the Nord Stream 2 contract was made public back in February 2021. Then Munich Re stopped insurance of Nord Stream 2 amid the threat of sanctions.
Munich re Chief Executive Officer Joachim Wenning confirmed the cancellation of the Nord Stream 2 contract at a press conference on February 23. Bloomberg. He noted that the client would not accept the cancellation of the contract. Wenning did not disclose the reasons for this decision.
Work with obstacles: a chronicle of the construction of Nord Stream 2
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